How much total commission income would you earn from selling 1,000 travel insurance policies at $100 each with a 25% commission?

To determine the total commission income earned from selling travel insurance policies, you start by calculating the total sales amount. Selling 1,000 travel insurance policies at $100 each results in total sales of $100,000 (1,000 policies x $100).

Next, to find the commission income, you apply the commission rate of 25%. To calculate the commission, multiply the total sales amount by the commission percentage:

Total Commission = Total Sales Amount x Commission Rate

Total Commission = $100,000 x 0.25 = $25,000.

Hence, the total commission income from selling 1,000 travel insurance policies at $100 each with a 25% commission is $25,000. This illustrates how commissions are calculated in a sales scenario, reinforcing the importance of understanding percentage calculations and total sales figures within the travel industry context.